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  • #429,661
  • Apr 27, 2011 11:07am Apr 27, 2011 11:07am
Quoting cloggie
Am flat now and done for the day, it has been really good on the thread with loads sharing brilliant stuff here today.

None of the usual characters showed up and we got on with trading instead. I haven't called anyone a muppet here directly today, that must have been a first.
Muppet.

Have a good one mate, see you tomorrow
  • #429,662
  • Apr 27, 2011 11:08am Apr 27, 2011 11:08am
Quoting frevd
Thanks for sharing your experience, you've been generous today.

Today was fun, go back over my posts later tonight and you can clearly see how the levels work.
  • #429,663
  • Apr 27, 2011 11:08am Apr 27, 2011 11:08am
  • #429,664
  • Apr 27, 2011 11:09am Apr 27, 2011 11:09am
Quoting WintersWolf
Muppet.

Have a good one mate, see you tomorrow

@rsewipe.
  • #429,665
  • Apr 27, 2011 11:09am Apr 27, 2011 11:09am
I always have a mental stop closer to my entry but the exact price is not set in stone. I usually base my mental stop on a close of a candle or PA but I always have a set safety stop far from my entry to prevent me from popping a xanax should a wtf moment occur.
  • #429,666
  • Apr 27, 2011 11:09am Apr 27, 2011 11:09am
Quoting fontu
should be but some says he will start the big report 30 min earlier with much excuses so that nobody can understand anything ! then should reading already.
fontu

v true u have to read between the lines rather be out till the market kools down and understand beny's fart
  • #429,667
  • Apr 27, 2011 11:10am Apr 27, 2011 11:10am
Quoting cloggie
Am flat now and done for the day, it has been really good on the thread with loads sharing brilliant stuff here today.

None of the usual characters showed up and we got on with trading instead. I haven't called anyone a muppet here directly today, that must have been a first.
time to watch the show ... 20 minutes and on the side myself. it was a good day!
  • #429,668
  • Apr 27, 2011 11:10am Apr 27, 2011 11:10am
Quoting rattyo
The force should be with you. might flash it down to 14450 ish I reckon then ram it back up nice new higher high
about time to extend the range. I didnt exit, I scaled in, so am fine by now.
  • #429,669
  • Apr 27, 2011 11:10am Apr 27, 2011 11:10am
Quoting cloggie
You got it, I am not going to build in an event that may happen once every 5 years only to have that safety valve get hit unnecessary many times over when it is not needed.

And one that dow spike last year, go back over my posts from that time, I actually made a killing.
i share the same belief in stop losses as cloggie

i dont use any here is why

top losses: not advisable due to lack of interbank liquidity on times of low volatility, a bump in spread can take you out of the game. (stop loss are to protect against uncertainty and one puts them on in case our judgment is flawed, but if we are actively managing our positions there is no need to have such stops. It only serves as a sitting duck level where unexpected spikes or stop loss triggers can take us out of battle. In other words to have stop losses in place means to have a vulnerability in the battle field for the enemy to see)
AVT INVENIAM VIAM AVT FACIAM
  • #429,670
  • Apr 27, 2011 11:10am Apr 27, 2011 11:10am
Quoting PipChick
I always have a mental stop closer to my entry but the exact price is not set in stone. I usually base my mental stop on a close of a candle or PA but I always have a set safety stop far from my entry to prevent me from popping a xanax should a wtf moment occur.

Same here.
  • #429,671
  • Apr 27, 2011 11:12am Apr 27, 2011 11:12am
Quoting cloggie
Same here.
I hate it when people ask me..wheres your stop? LOL. My answer..somewhere around 4450 or so.
  • #429,672
  • Apr 27, 2011 11:14am Apr 27, 2011 11:14am
Quoting PipChick
I hate it when people ask me..wheres your stop? LOL. My answer..somewhere around 4450 or so.

My stop is the point where I am no longer willing to invest to see if I am right.
  • #429,673
  • Apr 27, 2011 11:14am Apr 27, 2011 11:14am
Quoting cloggie
Same here.
Did do that for some time, but back then I was inexperienced enough to let losses run, so I take it a) as a safety net overnight and for any unexpected events and b) for learning to be disciplined when basing trades on strategies. but you're right, when scalping ranges stops are bad.
  • #429,674
  • Apr 27, 2011 11:14am Apr 27, 2011 11:14am
Not saying its manipulation but.

90 high
30 low
60 now going into release .

Does anyone see this as suspicious ?
Or a little too obvious .
take out stops below 30 above 90 anyone ?
End up were we started ?

if we take out the low stops first then likely we will go higher .
making green pips large and red pips small this is my goal.
  • #429,675
  • Apr 27, 2011 11:14am Apr 27, 2011 11:14am
Let's get some EMP in here

Quoting cloggie
Multiple workstations, multiple internet connections, multiple connections to different datacentres and servers at my broker's and a bank of UPS's with 2 smartphones as back up. I am never cut out.
  • #429,676
  • Apr 27, 2011 11:15am Apr 27, 2011 11:15am
h1 close 4656 so this signal is not valid.
looking for investors . pm me
  • #429,677
  • Apr 27, 2011 11:16am Apr 27, 2011 11:16am
Quoting cloggie
@rsewipe.
Have a bourbon for me, and enjoy the show eh
  • #429,678
  • Apr 27, 2011 11:16am Apr 27, 2011 11:16am
Quoting frevd
Did do that for some time, but back then I was inexperienced enough to let losses run, so I take it a) as a safety net overnight and for any unexpected events and b) for learning to be disciplined when basing trades on strategies. but you're right, when scalping ranges stops are bad.

When I position trade or hold trades overnight I will only walk away when I have profits locked in, that is the only time I will use a stop. I am happy with the profits and let it run for free, I occasional set TP's too for overnight trades if I think that Asia is going to exhaust itself when I am asleep.
  • #429,679
  • Apr 27, 2011 11:17am Apr 27, 2011 11:17am
Quoting paul1
Not saying its manipulation but.

90 high
30 low
60 now going into release .

Does anyone see this as suspicious ?
Or a little too obvious .
take out stops below 30 above 90 anyone ?
End up were we started ?

if we take out the low stops first then likely we will go higher .
definitely.

my stop was missed by just 0.4p!
  • #429,680
  • Apr 27, 2011 11:18am Apr 27, 2011 11:18am
Quoting cloggie
When I position trade or hold trades overnight I will only walk away when I have profits locked in, that is the only time I will use a stop. I am happy with the profits and let it run for free, I occasional set TP's too for overnight trades if I think that Asia is going to exhaust itself when I am asleep.
So you never hold on to losing trades when you leave?
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